As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FORBES.COM:
Billionaires George Soros and Bill Gates are part of a consortium set to buy Mologic, a U.K.-based maker of Covid tests, in an effort to increase access to “affordable state-of-the-art medical technology” around the world, according to a statement released Monday.
The Soros Economic Development Fund and the Bill & Melinda Gates Foundation announced the launch of a new initiative, Global Access Health (GAH), aiming to strengthen the global rollout saving medical technology and the subsequent acquisition of Mologic Ltd, best known today for the deep-nostril technology used to deliver rapid Covid-19 tests. The technology can also be used to test for dengue, bilharzia and river blindness.
The article goes on to state the following:
The rapid so-called lateral flow tests offer an early-warning screening for Covid-19 and have been used around the world as an aid to help reopen shops, bars, sporting events and workplaces by giving an early warning result for people who may have no symptoms but are still infectious and can give the virus to others. In the U.K., lateral flow Covid tests need to be confirmed by a second test before Covid-19 is officially diagnosed.
The report also states that GAH, Soros’ and Gates’ new joint initiative, will invest “at least” $41 million in the effort.
Soros’ Open Society Foundation announced, “Our Soros Economic Development Fund is leading a new “social enterprise” to take over world-class diagnostics company @mologic to expand access to affordable health care globally, especially in the Global South.”
Our Soros Economic Development Fund is leading a new “social enterprise” to take over world-class diagnostics company @mologic to expand access to affordable health care globally, especially in the Global South. https://t.co/qOyTvCM3sT
— Open Society Foundations (@OpenSociety) July 19, 2021
Philanthropists invest in testing technology to help stop the spread of the virus across the global south.https://t.co/yFbIqSho4K
— Forbes Science (@ForbesScience) July 20, 2021
To get more information about this article, please visit FORBES.COM.
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